Forecasted Rains for Brazil Knocks Coffee Prices Lower
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May arabica coffee (KCK25 ) today is down -0.90 (-0.23%), and May ICE robusta coffee (RMK25 ) is down -22 (-0.40%). Coffee prices today are under pressure, with arabica falling to a 1-1/2 week low. Somar Meteorologia forecasts widespread showers next week for Minas Gerais, Brazil’s biggest arabica-producing region, which…
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